Andre Perez, the founder and former CEO of Horseshoe, the Bermuda-headquartered insurance or reinsurance management, fund administration, insurance-linked securities (ILS) specialist and Artex company, has stepped down from his Executive Chairman role.
The move was not unexpected, as Perez had stepped back from his CEO duties in 2021, with experienced industry executive Kathleen Faries taking on the CEO role at Horseshoe.
Perez took on the Executive Chairman role at the time and remained involved in the Horseshoe business as a key strategic advisor, with a focus on M&A and strategic projects.
Perez built the Horseshoe business into a market leader for ILS service provision across a range of activities, including having one of the most prolific reinsurance transformers, in Horseshoe Re.
Under his tenure, Horseshoe also added ILS and reinsurance specific fund administration and servicing product offerings, and Perez then led the company into a strategic acquisition by AJG’s Artex Risk Solutions.
In a post on Linkedin, Perez announced his departure from Horseshoe yesterday, stating, “Today is my last day as Chairman of Horseshoe. As I reflect on the last 17 years and the incredible company my fantastic team and I built together, I can’t help but be amazed at and proud of all the things we accomplished to become the leading service provider in the ILS market.
“I want to take this opportunity to once again thank the Horseshoe team and their incredible dedication as well as our clients/business partners for their support, trust and friendship over the years.”
Perez has left quite a legacy, as a figure known for an innovative and collaborative approach to ILS business and with the foresight to see the opportunity to create a global leader in facilitating ILS activities and transaction flow.
The Horseshoe brand remains a giant in the ILS market, as well as more broadly in reinsurance and continues to push its service offering.
Perez will naturally be missed at Horseshoe, but the platform for ILS business that he has created will be remembered in the industry long past his departure from it.
We’ve valued his insight and forthright opinions on the market and wish him well.